Economy: Strong Growth & Rate Cuts
GDP Surge: The Indian economy grew by 8.2% in the July-September quarter (Q2), making it the fastest expansion in six quarters. This growth was driven by a strong manufacturing comeback and robust services activity.
RBI Rate Cut: In a move to further boost growth, the Reserve Bank of India (RBI) has cut the repo rate by 25 basis points to 5.25%.
Future Outlook: The Chief Economic Advisor (CEA) has raised the GDP forecast for FY26 to 7.3%, predicting the economy will top the $4 trillion mark next fiscal year.
